Currency Hedging over Long Horizons
收藏NBER1993-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4355
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资源简介：
This paper reexamines the widely-held wisdom that the currency exposure of international investments should be entirely hedged. It finds that the previously documented ability of hedges to reduce portfolio return variance holds at short horizons, but not at long horizons. At horizons of several
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美国国家经济研究局创建时间：
1993-05-01
